After months of scrutiny, both the U.S. Department of Justice and the Commodity Futures Trading Commission have reportedly concluded their investigations into Polymarket, a decentralized prediction market platform.
The probe centered on whether the site permitted trading activity from U.S. residents in violation of federal regulations.
Interest in Polymarket surged following the 2024 U.S. elections, when a wave of users placed bets on electoral outcomes. This spike reportedly triggered closer attention from regulators.
The investigations followed an earlier enforcement action in 2022, when the CFTC fined Polymarket $1.4 million for operating unregistered markets. In a more dramatic turn last November, the FBI raided the home of CEO Shayne Coplan and seized electronic equipment, further fueling speculation around the company’s legal standing.
Now, according to sources familiar with the matter cited by Cointelegraph, the inquiries have been quietly closed without further charges or penalties. Neither Coplan nor Polymarket has commented publicly on the report.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/polymarket-investigations-by-u-s-authorities-officially-closed/